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Old 20.05.2015, 11:03
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Start-Up accounting question...

Hi!

I did read a lot of the start-up threads, but have a rather simple question I could not find answered: I know everything I need to know to start a GmbH and will do so in about two months. I am currently not in CH and well, that's the earliest I will get going. However, I want to prepare some things I'll need and those come with a cost - for example getting a website designed and running.

A long story short: Can I spend some money now which I can in two months book on the company instead? It is all honest and company related, but I technically start working on it before said company exists. I am pretty sure that's not unusual with start-ups...?

Any idea, tips, pit-falls?

Thanks!
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Old 20.05.2015, 11:07
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Re: Start-Up accounting question...

I am not an accountant but I would say you can add that later on as start up cost. Maybe this link helps a bit?

https://www.business-case-analysis.c...t-up-cost.html
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Old 20.05.2015, 11:11
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Re: Start-Up accounting question...

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I am not an accountant but I would say you can add that later on as start up cost. Maybe this link helps a bit?

https://www.business-case-analysis.c...t-up-cost.html
Well, the question I have is a bit more in the details:
1. Company does not exist yet, so I can only get things billed to my name personally. (I assume that should be ok as most companies have a founder and as long as the name matches...)

2. I am not in Switzerland right now, so billing address will be totally wrong... any tax implications or anything to care about?

3. Well, time line: Is it possible to book stuff that was done before a company exists...?

Last edited by Treverus; 20.05.2015 at 11:26.
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Old 20.05.2015, 11:30
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Re: Start-Up accounting question...

I can't see any problem with that. Just make a list of all expenses incurred by you personally and pay yourself that amount once the company is running. Even though the dates will be earlier than the legal formation it would be a very pedantic inspector or auditor who would question those expenses (providing they are reasonable amounts that is), if indeed any one ever gets to see them. Just do it.

EDIT... just re-read your bit about foreign billing address, obviously don't try to claim back any local VAT. And really, as long as you can realistically justify the expenses to your accountant there won't be a problem.
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Old 20.05.2015, 12:08
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Re: Start-Up accounting question...

When I set up my company in 2010 i had put all the expenses prior to establishment under the head "Pre-Incorporation Expenses" - and it worked perfectly fine.

So, go ahead and do it.
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Old 20.05.2015, 12:31
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Re: Start-Up accounting question...

Thanks!
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Old 28.06.2015, 15:02
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Re: Start-Up accounting question...

It actually all depends on what kind of expenses they are and for what you want to use them.

Unless you don't want to bring the expenses in as a replacement for the capital required its not a big problem.
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